The Baltimore school board has approved a $1.2 billion budget for the next academic year that is filled with errors and tens of millions of dollars of discrepancies, a Sun review has found.When Enron had accounting problems you'll notice how it wasn't described by the liberal MSM as "errors and tens of millions of dollars of discrepancies".
In dozens of cases, the amounts budgeted for salaries do not match with the number of people who are supposed to be paid. One line item shows $6.2 million in salary money to pay zero employees.
The problems surface just months after the school system declared itself fiscally healthy after a major financial collapse and as the state infuses hundreds of millions of dollars in aid to the city's chronically underfunded schools.
The school board chairman and the head of the board's finance committee acknowledged that no one had noticed the many discrepancies before the board unanimously approved the budget March 27, with one member absent.
Monday, April 09, 2007
Baltimore Public Schools funds for salaries don't match number of people being paid
The Baltimore Sun reports: